HorvathTremblay
IRVING GAS AND SACO CROSSING RETAIL PLAZA
Properties may be purchased as a portfolio or individually
INVESTMENT HIGHLIGHTS
  • LONG-TERM LEASE / LOCATION COMMITMENT: Irving Oil recently demonstrated their long-term commitment to the location by preemptively extending their term with a new 15-year lease. The lease now expires in September 2034 with two, 5-year renewal options.
  • CORPORATE CREDIT: Irving Oil is a privately held gasoline, oil, and natural gas company that serves customers worldwide. The company owns and operates global refineries as well as a network of gas stations, a fleet of trucks and ocean tankers, real estate and other related assets. Irving Oil operates over 900 gas stations, most of which contain convenience stores that are operated by strategic partner Circle K.
  • STRATEGIC RETAIL LOCATION: The Irving Oil is situated on one of the best locations in North Conway to capture passing motorists on the heavily-travelled Route 16 commercial corridor which includes most of the area’s retail, dining, lodging and entertainment options. The Property is also located across the street from Settler’s Green, a popular 300,000 square foot shopping center, with over 75 stores, that drives considerable traffic to the area.
  • PREMIER NEW ENGLAND DESTINATION: North Conway, in tax-free New Hampshire, is a popular destination for outlet shopping as well as the gateway to a multitude of local attractions including Mount Washington, Story Land, excellent hiking, biking and rock climbing and several ski resorts including nearby Cranmore, Bretton Woods, Attitash and Wildcat.
  • ANNUAL VISITORS: North Conway and The Mount Washington Valley are a top New England year-round tourist destination with over 11 million visitors annually.
  • RETAIL TRADE AREA: North Conway, in tax free New Hampshire, is a well-known destination for outlet shopping. Notable retailers driving traffic to the area around the Property include Settles Green, Walmart Supercenter, Hannaford Supermarket, Lowe’s Home Improvement, Shaw’s Supermarket, CVS, Walgreens, LL Bean, TJ Maxx, Christmas Tree Shops, Starbucks and The Mountain Valley Cinemas.
  • ZERO MANAGEMENT RESPONSIBILITIES: The triple-net lease requires zero management responsibilities, making it an attractive investment for the passive real estate investor.
  • ACCELERATED DEPRECIATION BENEFIT: Current IRS rules allow owners to depreciate the real property of a gas station over a 15-year accelerated period. This accelerated depreciation enables investors to receive more tax savings by reducing the tax burden on the income stream and increasing tax write-offs for owners. In addition, the new bonus depreciation rules allow investors to write down a significant portion in Year 1. (Please consult with your tax professional) 
INVESTMENT HIGHLIGHTS
  • EXCEPTIONAL RETAIL LOCATION: Saco Crossing is located at the start of the Route 16 commercial corridor which includes most of the Mount Washington Valley's retail, dining, lodging and entertainment options. The Property is also located across the street from Settler’s Green, a popular 300,000 square foot shopping center, with over 75 stores, that drives considerable traffic to the area.
  • HIGHLY-VISIBLE PROPERTY: The highly-visible Property boasts excellent street frontage with two points of access on the heavily-travelled Route 16, the primary roadway in and out of North Conway and the surrounding outdoor recreation area.
  • PREMIER NEW ENGLAND DESTINATION: North Conway, in tax-free New Hampshire, is a popular destination for outlet shopping as well as the gateway to a multitude of local attractions including Mount Washington, Story Land, excellent hiking, biking and rock climbing and several ski resorts including nearby Cranmore, Bretton Woods, Attitash and Wildcat.
  • ANNUAL VISITORS: North Conway and The Mount Washington Valley are a top New England year-round tourist destination with over 11 million visitors annually.
  • RETAIL TRADE AREA: Notable retailers drawing consumers and driving traffic to the immediate area around the Property include Settlers Green, Walmart Supercenter, Hannaford Supermarket, Lowe's Home Improvement, Shaw's Supermarket, CVS, Walgreens, LL Bean, TJ Maxx, Christmas Tree Shops, Starbucks and The Mountain Valley Cinemas
  • TRAFFIC COUNTS: Approximately 24,705 vehicles pass the Property daily on Route 16 with significant increases on weekends and holidays. 
EXCLUSIVE LISTING
ROBERT HORVATH
Executive Vice President
MA Tel: (781) 776-4003
CT Tel: (203) 209-0020
AARON HUNTLEY
Senior Associate
Direct: (781) 776-4012
Mobile: (774) 217-9225
Ethan Cole | NH Broker of Record | License 064406
Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.